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May 2020

Credit Report Agencies

Credit Report Agencies’ Role in Improving Your Credit Rating

Credit Report Agencies

Credit Report Agencies – Look in the business columns of any large-city newspaper under the heading “Businesses for Sale”. Look in the real estate columns of your local paper under the heading “Apartment Houses for Sale,” or “Business Property for Sale.”
If you look carefully, you will probably soon find a number of ads which say, after the description of the property which is for sale, the following: “Owner will finance”. Or the ad might say: “Seller will finance”; or “Financing available”.

What these ads mean is that the seller or owner of the property-be it a business, apartment house, shopping center, etc. Is willing to finance your purchase of the property. So you do NOT have to go to a bank, a finance company, a factor, a relative or a friend to borrow the money you need. Rather, you have a cozy sale between yourself and the seller.

While it is true that the seller will probably register the debt you have after you buy the property. You do not have to face any long-faced loan officer at a lender to get your money.
Of course, you never really get the money when the seller finances the sale. Instead, you take over an income producing property of some kind and have the right to earn the income from the property. The seller does not get any of the income. You will, of course, have to pay the seller each month a certain amount on the loan you obtained from the seller. But this money will come from the income the business generates, not from your own pocket or bank. Credit Report Agencies.

Questions:

What kind of a seller or owner would be willing to finance the sale of a valuable income property?
There are many different types of sellers who are anxious to get out of an income-producing property for one reason or another, such as other business interests, divorce or separation, death or illness in a family, or retirement.

Once you spot any reasons such as these. You can be fairly certain that you have a good chance of having the seller finance the sale to you. But you must be alert for such opportunities.
How can I convince the seller or owner that I’m the right person to take over the income property?
To convince the seller or owner that you are the “right person”, you must “sell yourself” to the seller. You must convince the seller that you are hard-working, dedicated to the business, interested in the business, reliable, and honest.

Once you convince the seller of these, your chances are excellent. So keep this in mind when talking to the seller.
The usual way a deal which is financed by the seller works is that you take over the business for no money down and repay the seller on a monthly basis. To accomplish this, you should:
Pay the “asking price”Avoid haggling with the seller.

Be willing to agree to all the terms the seller sets up

By having the seller finance the sale. You will probably pay more for the property and a higher rate of interest. But if you are just starting, this may be your great chance. I see all types of real estate financed this way, many different commercial businesses, factories, etc. So don’t think that you are restricted as to the type of business you might buy when the seller finances it.
To get 100+% financing. Ask the seller to lend you a few thousand dollars for operating capital by allowing you to keep the first few week’s income from the business. Without making a payment to the seller. Or, if you’d prefer to have just 100% financing, do NOT ask for this provision.

You will need an attorney to protect you in such a sale. Instead of paying the attorney ask that the fee the attorney would normally collect be paid in the form of a promissory note. You will then pay the attorney a few months after you take over the business for no cash down!
For much more information and assistance with locating and purchasing owner-financed properties, visit our site at. Where there are articles, reports and complete business courses that will help you to success in your owner-financed investment activities.

Free Virtual Credit Card

Free Virtual Credit Card

Free Virtual Credit Card – Virtual credit cards are debit cards but they can also function as credit cards. This means that with virtual credit cards you have an account in which you deposit money and you can use that money as if it were credit. Unlike traditional cards, with a virtual credit card you do not acquire any debt, since you spend what you deposit to the card. The benefits they offer are extensive and there are many banking institutions or companies that issue them. In this article we explain more about it. sbobet88

  • Revolut and N26 have a European IBAN for free with prepaid MasterCard and or virtual Visa. It can be requested by residents of Spain and other countries in the European Economic Area.
  • A good option is Neteller. Here everyone can apply for a free virtual credit card.
  • Other options include the free Transfer wise program that is available in more countries.

Free Virtual Credit Card

Perhaps it is good to clarify from the beginning that acquiring a free credit card does not mean that you will have a credit that you will not have to pay. The credit cards that we refer to in this article are prepaid cards that serve the same function as credit cards. Think of them like when you credit your mobile. It is the same, but with a virtual card. If you want to get free money check the link. agen sbobet

Virtual Creditcard is Usefull

A free virtual credit card is useful for those who do not have access to financial services such as conventional credit cards. This type of card is used by people who need to carry out transactions on the Internet, either to buy or contract services. Similarly, virtual credit cards give you the option to transfer money between countries without having to pay such high commissions. This is very profitable for all those people who live abroad and who have to constantly send money to their family or friends (it is an excellent alternative to Western Union).

An advantage of free virtual credit cards is that they also provide you with a bank account. In case of processing a virtual credit card in the European Union, that account includes an IBAN that allows you to transfer money between European countries for free. In the case of non-European cards, the account they offer you can use to deposit your payroll or make deposits in general. Most free credit cards also offer you a physical card. This allows you to make purchases in an offline store.

How to get free virtual credit card

There are several companies and banks with which you can apply for a free virtual credit card. You can buy these cards in different parts of the world. In the case of Spanish-speaking countries, you can acquire them in Spain, Mexico, Argentina, Chile, Colombia, Venezuela, among others. Basically it could be said that if there is a Visa or MasterCard in your country, it is very likely that you can acquire a virtual prepaid credit card.

Free virtual Visa card

If you are wondering how to get a free virtual Visa card, it is very simple. In most countries, the Visa company, like MasterCard, has a large presence. In Europe perhaps a little less, but it is not conspicuous by its absence. Most credit cards belong to one of these two financial transactions. Some companies even offer a prepaid MasterCard or Visa à la carte credit card. Choosing between one or the other game slot will depend on why you want it, but basically they are the same. The following is an example of a free virtual credit card. The company has grown very rapidly and is gradually expanding throughout all parts of the western and westernized world.

Revolut

Revolut offers a European account with free IBAN, prepaid MasterCard and / or Visa credit card, the option to generate single-use cards, and the option to buy cryptocurrencies such as Bitcoins, Bitcoin Cash, Ethereum, Litecoin and Ripple (premium account) . It can be requested by residents of Spain and other countries in the European Economic Area. Although Revolut is not yet available to Latin Americans, the company is in the process of expanding out of Europe, including Latin American countries such as Mexico and Argentina.

With Revolut you also have the option of having a physical card sent to you. The cost of it will depend on where you are. In some countries you can request it completely free. The physical card is also free if you have the premium slot game account, which costs around € 7 a month. Finally, it offers travel insurance that is attractive to travelers.

How to get a free virtual credit card with Revolut

To get a free virtual credit card with Revolut or any other company, what you need to do is enter the page and follow the steps indicated. You will have to verify your identity and have a cell phone. With some companies you will have to do an interview by phone or webcam, but this is not the case with Revolut. In general, the time it takes to get a free virtual credit card is 20 minutes, not counting approval time. This time is also usually very fast. A good alternative to Revolut is N26 or Neteller.

5 Features Investment Management

5 Features Investment Management

5 Features Investment Management

5 Features Investment Management – If you handle the assets and investments of clients. Then I am sure you agree that an investment management solutions in an important tool. One that you use in your day to day work. However, with so many options available it can sometimes be difficult to decide which solution to go for. So if you are currently looking for such a tool. Here are 5 features to look for in investment management software.

1. Remote & Mobile Access

If you want to access clients’ information easily, then you should look for a solution which includes a web-based and also mobile option, so you can remotely access vital data anywhere you go. You will be able to easily log into the system even via your mobile device. Any time day or night to access data, manage investment, apply changes and more. Being able to management your client’s investments for any city in the world is a crucial element, especially if you are on the go often.

2. Unlimited Number of Clients

Make sure that your investment management software is set to handle an unlimited amount of clients. Even if you are just starting out, you cannot restrict yourself by choosing to use software which sets limited on the number of clients you can handle. The software you choose should also cater for more than one user. This way, several people can access the same program if need be. You will need to check to see if additional licenses are needed for this kind of setup, as some companies charge additional fees for additional users. In fact in some cases, you may need to license each user. However, this will depend on the size of your organization.

3. Effective and Flexible Reporting Capabilities

Make sure to choose a solution that delivers the kinds of reports that you need for your business. Prior to choosing the software you should be able to view screen shots of the program features especially when it comes to reports. Take a look at sample reports and if they are not what you need, then look elsewhere. If such screen shots and sample reports are not available on a company’s website, get in touch with them and get a live demo of the solution.
Branding is important for many businesses; therefore find a solution that allows you to add your name and logo to all correspondence and reports. It should be a seamless fit, and not a “one size fits all” appearance. This will provide professional appearance and inspire confidence in clients.

4. Front to Back Office Integration

To ensure and increase future business profitability look for an investment management solution that provides full integration of the Front to Back Office process. Front to Back Office integration will bring together customer acquisition processes, with client management applications and datasets. Such seamless integration will improve productivity, helping you to provide a better service and therefore increase your customer retention rate.

5. Flexible (and Effortless) Customization

Managing investments for different clients, each with very different scenarios, means you will have execute custom processes for each. This is why your chosen investment management software should provide you with the ability to adjust and customize new rules, regulations and processes easily and effortlessly. Some solutions might be restricted in this area, and some vendors might indeed charge extra fees for additional rule customizations. Therefore look for a solution that, along with providing a set of pre-defined rules and processes based on industry standards, also provides you with the flexibility of adapting and adding your own.

Conculsion

Finally, make sure that the software company you choose provides an effective support system that is available during your business hours. It is better if there is twenty four hour support, but this may not be necessary. You should also be able to call and talk to someone about your problem. This insures that you have prompt action on any situations that occur. Make sure you get these questions answered before committing to an investment management solution.

These are just five important features you will need to consider when evaluating the options for an investment management solution. Of course ensure you get an extensive trial of the software, or a thorough demo, before going ahead. Looking online for past client reviews and testimonials should also help you make a much more informed decision.

A Success Plan for Your Personal Relationship With Money

A Success Plan for Your Personal Relationship With Money

A Success Plan for Your Personal Relationship With Money

A Success Plan for Your Personal Relationship With Money – “There are two ways of being happy: We may either diminish our wants or augment our means – either will do – the result is the same; and it is for each man to decide for himself, and do that which happens to be the easier. But if you are wise, you will do both at the same time, young or old, rich or poor, sick or well; and if you are very wise you will do both in such a way as to augment the general happiness of society.” ~ Benjamin Franklin

Basically, this quote is saying that you can be happy without spending your money on stuff that you don’t need. Instead, you should pursue meaning and purpose in your life. The whole world will also be a better off if you do. What could be simpler? What could be better?

Defining Your Relationship with Money

In order to transform your relationship with money, you must ask yourself some very tough questions. More importantly, you must be willing to provide honest answers. Are you Managing your Relationship with Money, or are you Waiting for a Miracle?

Essentially, there are (4) Money Relationship Styles:

  1. The Player –
    You’re a Player. Basically, you spend every penny you can on having a ball. I think the young people call this “Ballin'”.
  2. The Friend –
    You find yourself forever in the “Friend Zone”. You’re nice to your money. You pay your bills. You may even have a little left over at the end of the month. Nevertheless, you’re unsatisfied. You yearn for more from your relationship with money.
  3. The Companion –
    You’re Good to your Money. You save when you can. Maybe you even invest a little. You’re still not totally “Committed” to “Managing” your Relationship with Money.
  4. The Partner –
    You are committed to managing your money. You’re creating assets and multiple streams of income. At the same time, you’re shedding liabilities and ending your servitude to debt.

Your Money Relationship History

What is Your Money Relationship Track Record? Think about how you’ve earned and spent your money in the past. People earn and spend money in different ways.
These are the (3) different ways that you can earn money:

  1. Earned Income
  2. Portfolio Income
  3. Passive Income

These are essentially (4) different ways that you can use money:

  1. Spend it
  2. Save it
  3. Invest it
  4. Manage it

You’re Managing your Money when you’re Spending Less; Saving More; Investing Smart and Creating Multiple Streams of Income.

Your Money Relationship Priorities

What Are Your Future Intentions With Your Money? You’ve had some time now to think about how you’ve earned and spent your money in the past. Are you now committed to transforming your relationship with money in the future? If so, the first thing that you need to do is to set priorities.

Your priorities aren’t always written down or formally regarded as such. Most often you exhibit your priorities by your actions. Having Negative Priorities means putting things that may make life easier ahead of things that make life more fulfilling. Having Positive Priorities means putting things that that make life more fulfilling before things that just make life easier. Before you can create and stick to a financial budget – which is very important, you need to create a “Priorities Budget” to determine what is most important to you.

So what are the 5 Steps to Transforming Your Relationship with Money????

  1. Taking Initiative – Proceed and Be Bold!
    As Dr. Martin Luther King, Jr. once said that “Faith is taking the first step even when you don’t see the whole staircase.”
  2. Ending Materialism – Transform Your Relationship with Things
    What things are keeping you tied to the world and further away from living the life that you want to live????
  3. Financial Integrity – To Tell the Truth
    We have to stop lying to ourselves about our relationship with money.
  4. Relieving Debt – Transform Your Relationship with Credit
    W.E.B DuBois once said that “To whom you give your money, you give your power.”
  5. Start Budgeting – Understanding Assets vs. Liabilities

If you don’t have a budget to keep track of what’s coming in and what’s going out, you’ll never have a clear picture of what you need to do, to go where you want to go. Your budget is your compass to finding the way to your financial destination. In order to achieve your financial goals, you need to have an organized strategy for transforming your ambitions into a series of purposeful actions. Your Budget is the first tool you need to create a strategy for transforming your relationship with money.

Is it Practical to Plan For Retirement?

Is it Practical to Plan For Retirement?

Is it Practical to Plan For Retirement?

Is it Practical to Plan For Retirement? – As it becomes increasingly difficult for many companies to finance workplace pension plans, and more persons join the ranks of the self-employed, the number of Jamaicans who are currently investing towards their retirement years is woefully inadequate.

Studies indicate that private pension arrangements are now covering some 60,000 persons of the approximately 1.3 million people in the labour workforce in Jamaica. This means that only about one out of every 22 persons contributes to a savings plan. That will help to replace their income when they can no longer earn a living or choose to stop working. This is a startling statistic, as it indicates that many persons may not have considered the necessity of planning to create an income for their later years.

Calculating The Cost of Retiring

Imagine that you are now 65 years old, and desperately desire to quit the rat race of the working world. In your youth, you had only focused on funding your immediate needs, and had never consciously thought about where money would come from when you were too tired to keep working.
You had hoped that your children would take care of you when the time came, but now they are struggling to make their own ends meet, and can offer you very little assistance. You have no choice but to continue working, despite your aches and pains and nature’s actions in trying to slow you down.

So let’s look at what it would take to create a nest egg. Which would allow you to live comfortably in your retirement years.
Let’s say that you are now 40 years old and wish to stop working at age 60. Assuming an average inflation rate of ten per cent per annum. Which is the percentage by which prices will go up every year. Your income need upon retirement would actually be over $330,000JMD per month. Would continue to increase every year in line with inflation.

How much money would you need to amass in the next 20 years

In order to generate this income stream over 25 years of retirement? To make this plan work, you would need to create a lump sum of over JMD$126 million upon retirement. Which should earn a net return of eight per cent every year. Is it Practical to Plan For Retirement?

So, how much would you need to put aside every month to achieve this goal? If your investment plan gives you an average net return of 10 per cent every year. You would need to save just under $80,000JMD per month and increase your annual contributions by ten per cent to stay ahead of inflation. Now for most people, the possibility of putting aside $80,000JMD per month towards a retirement plan would be next to nil. I tell them it’s better to save what you can than save nothing at all.

Getting Started With A Retirement Plan

Here are some considerations that can help you to get started with a plan for your future needs:
– Do you have any savings that could be used to start a dedicated retirement plan?
– How much money can you comfortably put aside every month without having to withdraw from it?
– At what age is it practical for you to stop working for an income?
– How much money will you need to withdraw monthly once you are retired?
– Will you receive a workplace pension that will contribute to meeting your needs?

Using the previous example

Let’s say that all you can save right now for your retirement is $10,000 JMD per month. You decide that it’s more realistic for you to aim for retiring at age 65. What kind of nest egg could you create with these parameters? If you increase your contributions every year by ten per cent. Then you would create a retirement fund valued at over JMD$32 million.
While this figure may sound impressive, in today’s dollars it would only be worth about JMD$3 million. Would generate the equivalent income of about $11,000 JMD for 20 years. Your retirement nest egg would there fore form only a part of your plan towards replacing your income in your senior years. Other options to generate money could include renting out a part of your home, or starting a business that would help to pay residual income. Is it Practical to Plan For Retirement?